News
Car insurance premium inequities are driven by age, credit and ZIP code, study finds
1+ day, 21+ hour ago (713+ words) It's well known that auto insurance companies charge more to people who have caused crashes or have had a DUI. But the companies also charge more to customers over other factors they have less control over: age, credit and their…...
State Farm reports strong growth " and shares some of it with policyholders
1+ mon, 2+ week ago (1046+ words) State Farm had a good year in 2025 and is sharing some of that with policyholders in a company record dividend. The Bloomington-based insurer released its annual financial summaries Thursday which showed total revenue of $132. 3 billion and net income of $12. 9 billion....
State leaders seek more transparency from insurance companies
8+ mon, 2+ week ago (948+ words) Insurance companies operating in Illinois have a transparency problem with state regulators and consumers, four top state officials alleged Wednesday. "The horrible, hard truth is that car insurance companies charge you more for auto insurance based on your credit rating,…...
State Week: Will Illinois lawmakers address insurance costs?
8+ mon, 3+ week ago (135+ words) Homeowners with State Farm insurance were shocked to learn their premiums will jump 27%. The company said coverage risks are increasing due to more severe weather. But Gov. JB Pritzker said he believes the cost of payouts in other states is…...